Bitcoin spot exchange-traded funds (ETFs) experienced increased activity on Wednesday, with inflows surpassing $600 million. This marked the sixth consecutive day of net inflows into BTC spot ETFs, indicating a growing confidence among investors in the primary digital asset.

The surge in inflows was triggered by Bitcoin breaking above the $110,000 psychological milestone, prompting a substantial influx of $608.99 million into these funds. As a result, the total net asset value of all BTC spot ETFs rose to $129.02 billion.

Compared to the previous day, Wednesday's inflows were 85% higher and led to the continued trend of net inflows into BTC spot exchange-traded funds for the sixth day in a row, showcasing increasing optimism from investors.

BlackRock's ETF IBIT recorded the largest net inflow, amounting to $530.63 million, while Fidelity's ETF FBTC saw the second-highest net inflow of $23.53 million. The price of Bitcoin surged to a new record high of $111,880 during Thursday's early Asian session, accompanied by a rise in demand for long positions in the derivatives market.

Despite the bullish market sentiments, options traders are exercising caution, as evidenced by an equal interest in both call and put options. This balanced sentiment indicates a "wait and see" approach among traders, with a slight preference for call options but a recognition of the potential for a price correction.